When hospice reverts to the lowest common denominator and leaders obsess about metrics, it's time to speak. Self-inflated leaders assume clinicians give until their backs break, given no raises for years. A clinical ladder is a rainbow’s pot of gold. Others have a sorrier job and must be motivated by money. Abysmal leaders dangle extrinsic rewards for admission, hiring and EDBITA targets. “Sign on” bonuses entice people into a poor work environment. Employees’ voice equals their raise, zero.

Wednesday, January 6, 2016

Stock Granted to Kindred Executives

StrangeTony,

Two Kindred executives received thousands of shares of company stock for free according to SEC filings dated January 4, 2016.

LANDENWICH JOSEPH L
Received 20,000 shares of KND common stock for a price of $0.00. Landenwich is Kindred's Corporate Counsel and General Secretary.

KALMEY PETE K
Received 10,000 shares of KND common stock for a price of $0.00. Kalmey is President of Kindred's Hospital Division.

Both stock grants came in early 2016, the new year that brought many Kindred employees greatly decreased health insurance benefits. Executives at the top pretend to value employees but there is very little evidence of that at the local level. They couldn't be honest with staff about the necessity for big changes and how to best minimize the impact.

Kindred announced a presentation next week at the JP Morgan Healthcare Conference. The press release offered:

Kindred’s mission is to promote healing, provide hope, preserve dignity
and produce value for each patient, resident, family member, customer,
employee and shareholder we serve.

Pure hogwash. These executives, like the Gentiva lot before them, serve themselves. They do so handsomely.